CABARRUS HEALTHCARE FOUNDATION (EIN 582055709) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

BOB BRATTON

Phone

7044031369

Tax Period

2023-01-01 to 2023-12-31

CABARRUS HEALTHCARE FOUNDATION, founded in 1993, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 59% operating margin.

Mission

TO SUPPORT ATRIUM HEALTH CABARRUS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $986,583

Program Service Revenue $0

Investment Income $1,735,813

Other Revenue $0

TOTAL REVENUE $2,722,396

Expense Breakdown

Grants Paid $999,249

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $999,249

Other Expenses $125,307

TOTAL EXPENSES $1,124,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,722,396	$1,443,748	+0.9%
Expenses	$1,124,556	$1,933,840	-0.4%
Net Income	$1,597,840	$-490,092	-4.3%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$215,830

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON YANCEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAKEITA VANDERBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB BRATTON	TREASURER	1.00	Officer Director	$0	$0	$0
PAT HORTON	IMMEDIATE PAST BOARD CHAIR	1.00	Officer Director	$0	$0	$0
STEVE TALBERT	SECRETARY	1.00	Officer Director	$0	$0	$0
ANN CANNON	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE ANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE JACOBS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL LISK	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN RODGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN TURNER DMD	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN BARE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN BEATTY-HENDLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAM CAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN CRAVEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE HONEYCUTT	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANNE SNYDER PHD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
GERALDINE PLOTT	REPRESENTATIVE - VOLUNTEER	1.00	Director	$0	$0	$0
JOHN BISHOP	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL DUSCH	BOARD MEMBER	1.00	Director	$0	$0	$0
BRITT LEATHERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN WIKE	BOARD MEMBER	1.00	Director	$0	$0	$0
HANK ALSTON	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAMERON CRUICKSHANK PHD	REP - CCHS	1.00	Director	$0	$0	$0
JOHN HEINZERLING MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER HOLLAND MD	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM JONES MD	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY PROPST PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGIE BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAZMIN CALDWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KAYLA GARCIA MD	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDRA TORRES	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE CARLOS E SASTOQUE	EXECUTIVE DIRECTOR	40.00	Key Emp	$0	$34,603	$215,830

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,722,396	$1,124,556	$26,901,082	$1,597,840
2022	$1,443,748	$1,933,840	$23,524,115	$-490,092
2021	$4,085,420	$1,460,359	$28,281,326	$2,625,061
2020	$2,045,627	$1,048,354	$24,793,288	$997,273
2019	$2,278,864	$1,375,905	$21,959,763	$902,959
2018	$2,620,968	$1,221,855	$18,805,555	$1,399,113

CABARRUS HEALTHCARE FOUNDATION